Shib Coin Daily 6/4/2022
Hello and welcome to Shib Coin Daily
Shiba Inu continues to be accepted as payment by more merchants and also continues to get listed on new exchanges, bringing the cryptocurrency to new markets.
The latest is talks with the exchange Switchere to bring Shiba Inu to 1500 islands in Estonia.
Disclaimer: The opinion expressed here is not investment advice — it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Recently, Milkshake had Tweeted that there was going to be a meeting to discuss talks with the exchange on a possible Shib partnership with Switchere.
The Crypto Basic discusses the possible partnership…
As crypto acceptance continues to grow, more and more unique partnerships arise. Brazilian football club São Paulo FC has announced that Shiba Inu will be accepted as payment for tickets. This is great for Shiba Inu in the South American market, as Football (Soccer) is largely popular in that market, and can expose Shiba Inu to all that follow the sport in that region and beyond.
Coin Quora discusses the recent ETH Whale moves as they continue to grow their holdings of Shiba Inu.
As the ETH Whales continue to buy back into Shib, and the burning mechanisms continue to grow in numbers, will it be enough to shoot Shiba Inu back upward?
With new games being developed that will burn shib in different ways such as through the ads players watch, and purchases such as the recent news regarding burning through certain amazon purchases, the amount of Shib that will be burning in the near future could be huge.
As Shiba Inu becomes better recognized and the additional projects in the Shiba Inu ecosystem are released, it will be interesting to see if this will be enough to push Shiba Inu to a new ATH.
Until Next Time…
To The Moon…
